EXPERT ADVISE ON ARROWHEAD REAL ESTATE HOMES, PRICES & FORECASTS

published by Bob & Patsy Bailey Coldwell Banker Sky Ridge Realty Lake Arrowhead

    
  Let's chat   800-987-9320.      Bob is a Broker Associate,      Patsy is a  Buyer Agent          CAR #01040125 & 01231486 
 
   gurubobinfo@gmail.com     grammyatthelake@gmail.com    Bob and Patsy Bailey Bio. Selling in Lake Arrowhead  since 1989 
 
 
Are we connected? Rotary, Education, Cities, Associations, Church, favorite vacation .....Scroll to bottom

MONDAY TRENDS IN LAKE ARROWHEAD 1/23/2012, as we we see it.

 The first glimmer of a recovery has begun in Lake Arrowhead. Fourth quarter median sale price in Arrowhead Woods was $325,000 versus a full year median - shown below - of $301,000. Prices are down 14% in 2011 from $350,000 in 2010. A look at Lake Arrowhead compared to the median price for the entire state of California is an interesting insight to our vacation resort.
Avoiding extremes paid off for Lake Arrowhead (000) 
MEDIAN IN 1990 2000 2004 2006 2011
Lake Arrowhead $180 $228 $360 $480 $301
 vs California  $194 $241 $450 $556 $291

Arrowhead Woods prices fell 37% from 2006, the peak of the real estate bubble to 2011. On the other hand, statewide prices fell 48% during the same period. Arrowhead sales dropped 65%.

The affluence to afford a vacation home, touches the heart of buyers and sellers, the one who does not have to buy, the other who does not have to sell. It tempers the extremes that hit the state. Sure we ran up the price and then crashed. And we accept the premise that this is a buyer's market. But not exactly. In a vacation home transaction, either party can walk away from an offer / counter offer with a simple decision that the price is unacceptable. There is a lot of emotion in a vacation home sale.

It also explains why the average sale price  is 3% to 4% under the asking price. Sellers say I quit before I'll give it away. Buyers say, I love the house.  

HAS IT SOLD?  CAN I SEE IT AND 2 OTHERS? ANY PRICE FLEXIBILITY? JUST ASK US, WE HAVE EVERY HOME ON THE MOUNTAIN AT OUR FINGERTIPS.  WE  SPECIALIZE IN ARROWHEAD WOODS, THE BELLWETHER OF THE LAKE ARROWHEAD ECONOMY.

Our database has photos of every home, sale price, property tax, detailing rooms, age, lot size, square footage, you name it, we have it... Ask  for a mini CMA for the true value. NEVER buy or sell a home without a careful market price comparison.  

When you spend hundreds of thousands of dollars, you should have the very best; Bob and Patsy Bailey, with 22 years of Arrowhead experience, selling nearly 1,000 homes.

Give Bob and Patsy a call... 800-987-9320.

 

   December was above average in sales, surpassing the best of the Summer months.
DECEMBER -- 2011 $100-499 $500-999 $1mil + TOTAL SOLD MEDIAN Price Median  2010  Median 2009 Median 2008
Number Homes Sold  30 6 1 37 $302,700 299 300 258
PAST 12 MONTHS SOLD HOMES 249 46 29 324 $301,350 $385,000 $386,000 $435,000


ARROWHEAD TRENDS, PRINT EDITION IS HERE, ON-LINE. CLICK EACH PAGE FOR A DETAILED ANALYSIS.




        
 


Have we met?  Associations, degrees, membership, family, mutual friends; something in common with Bob & Patsy? Pepperdine University MBA ... USC Behavioral Science ...Texas State U ... Rotary International ... Chicago birth... Minneapolis ... Dallas birth ... Richardson ... Travel visits, 31 countries... 7 kids... 9 grandkids... Marketing Consultant...Printing Co. Mgr...School Administration...AARP...Chamber of Commerce...Church of the Woods ... Palos Verdes - Redondo Beach ... Daughter Sue, a Realtor in the South Bay...Paul Harris Fellow ... Sales and Marketing Executives ... 100 year old Mom ... Police Captain Dad ... Banker Dad ... Abbott Labs ... Italian - Irish - Scotch - Center Staging ... Skateboarding Champ ... Marketing Excellence Award ...Rolling Hills Covenant Church... Arrowhead Arts Assn ... See Patsy on Facebook ...